HB10 Summary

• Establishes an Alabama state income tax credit for qualified physicians and dentists who provide free Medicaid-approved services to Medicaid recipients.

• State tax credit is contingent upon the federal government enacting a comparable federal income tax credit for free Medicaid services.

• Alabama tax credit equals 35% of the federal income tax credit amount.

• Prohibits taxpayers from claiming both an Alabama income tax credit and an Alabama income tax deduction for the same free Medicaid services.

• Department of Revenue shall promulgate rules and coordinate with Alabama Medicaid Agency to implement cost-effective procedures for information remittance.